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AI Analysis of ZUMZ
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Zumiez Inc. stock price up more than 5.64% on Friday
(Updated on Apr 19, 2024)

Buy candidate since Apr 19, 2024 PDF

The Zumiez Inc. stock price gained 5.64% on the last trading day (Friday, 19th Apr 2024), rising from $14.36 to $15.17. During the last trading day the stock fluctuated 5.78% from a day low at $14.37 to a day high of $15.20. The price has fallen in 6 of the last 10 days but is still up by 6.76% over the past 2 weeks. Volume fell on the last day by -787 shares and in total, 341 thousand shares were bought and sold for approximately $5.17 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $15.32 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -24.08% during the next 3 months and, with a 90% probability hold a price between $8.75 and $11.63 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ZUMZ Signals & Forecast

Mostly positive signals in the chart today. The Zumiez Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $14.46 and $14.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 13.89%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Zumiez Inc. stock

Zumiez Inc. finds support from accumulated volume at $14.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.83 (5.78%) between high and low. For the last week, the stock has had daily average volatility of 4.20%.

Our recommended stop-loss: $14.47 (-4.59%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (ZUMZ) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Zumiez Inc. to open at $14.91, and during the day (based on 14 day Average True Range), to move between $14.56 and $15.78, which gives a possible trading interval of +/-$0.605 (+/-3.99%) up or down from last closing price. If Zumiez Inc. takes out the full calculated possible swing range there will be an estimated 7.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.40 (1.52%) than the support at $14.73 (2.90%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Zumiez Inc. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.517 Buy Candidate Upgraded

Predicted Opening Price for Zumiez Inc. of Monday, April 22, 2024

Fair opening price April 22, 2024 Current price
$14.91 ( 1.69%) $15.17

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ZUMZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.74 3.78 %
R2 15.43 1.69 %
R1 15.23 0.398 %
Current price: 15.17
Support S1 14.60 -3.78 %
S2 14.40 -5.07 %
S3 14.08 -7.16 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 17.89 17.93 %
R2 16.32 7.58 %
R1 15.40 1.52 %
Current price 15.17
Support S1 14.73 -2.90%
S2 14.52 -4.28%
S3 13.60 -10.35%

FAQ

What is the symbol for Zumiez Inc. Stock and on which exchange is it traded?
The symbol for Zumiez Inc. is ZUMZ and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Zumiez Inc. Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Zumiez Inc. Stock?
Zumiez Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Zumiez Inc. Stock.

What's the current price of Zumiez Inc. Stock?
As of the end of day on the 2024-04-19, the price of an Zumiez Inc. (ZUMZ) share was $15.17.

What is the 52-week high and low for Zumiez Inc. Stock?
The 52-week high for Zumiez Inc. Stock is $21.49 and the 52-week low is $12.90.

What is the market capitalization of Zumiez Inc. Stock?
As of the 2024-04-19, the market capitalization of Zumiez Inc. is 273.698M.

When is the next earnings date for Zumiez Inc.?
The upcoming earnings date for Zumiez Inc. is Jun 06, 2024.
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About Zumiez Inc.

Zumiez. Zumiez Inc., together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of February 26, 2022, the company operated 738 stores, including 602 stores in the United States, 52 stores in Canada, 67 stores in Europe, and 17 stores in Australia under the names of Zumiez, Blue Tomato... ZUMZ Profile

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